RE:RE:MGI PP NR...Magnum Goldcorp Inc., subject to regulatory approval, intends to proceed with a flow-through and a non-flow-through non-brokered private placement. Under the flow-through private placement, the company intends to raise up to $400,000 by the issuance of five million flow-through shares at eight cents per flow-through share. Under the non-flow-through private placement, the company intends to raise up to $325,000 by the issuance of five million non-flow-through units at 6.5 cents per non-flow-through unit. Each non-flow-through unit will consist of one common share and one share purchase warrant, with each warrant entitling the holder to purchase an additional common share for a period of two years at an exercise price of 10 cents. With respect to these private placements, the company may pay finders' fees in the amount of 10 per cent (payable in non-flow-through shares or cash), based on the sale of the flow-through shares and non-flow-through units purchased by subscribers introduced to the company by such finders.